Ted Baker reports strong Christmas

British designer brand Ted Baker said it would meet forecasts for year profit after a sharp rise in sales over the Christmas period put it firmly in the festive winners' camp.

The group said on Friday its retail sales increased 15.7 per cent in the eight weeks to 7 January driven by a 7.3 per cent rise in new space.

It said gross margins were in line with expectations and, as in previous years, there was no significant promotional activity pre-Christmas.

"We have been very pleased with the performance across all of our markets," it said, adding it expected year to Jan. 28 pretax profit to be in line with expectations.

Plans for 2012 include a store on Fifth Avenue, New York as well as openings of first stores in Tokyo and Beijing.